Trade policy

South Korean President Moon Jae-in speaks during a meeting with his senior aides at the presidential Blue House in Seoul, South Korea, Monday, Aug. 5, 2019. Moon on Monday described the country's escalating trade war with Japan as a wake-up call to revamp its economy and also issued a nationalistic call for economic cooperation with North Korea, which he said would allow the Koreas to erase Japan's economic superiority in "one burst." (Park Jin-hee/Newsis via AP)

SEOUL, South Korea (AP) — South Korea's president on Monday described the country's escalating trade war with Japan as a wake-up call to revamp its economy and issued a nationalistic call for economic cooperation with North Korea, which he said would allow the Koreas to erase Japan's economic...

FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following U.S. President Donald Trump's threat last week of tariff hikes on additional Chinese imports in a fight over Beijing's trade surplus and technology policies. (AP Photo/Kin Cheung, File)

BEIJING (AP) — China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday for the first time in 11 years, prompting concern Beijing might use devaluation as a weapon in a tariff war with Washington. The central bank blamed the exchange rate's decline...

FILE - In this March 6, 2018 file photo, Police officers secure the area as a police tent covers the spot in Salisbury, England, where former Russian spy double agent Sergei Skripal and his daughter, Yulia, were found critically ill following exposure to a nerve agent. President Donald Trump is levying more sanctions on Russia in connection with the alleged 2018 poisoning of former Russian spy Sergei Skripal and his daughter, Yulia, in Salisbury, England. (AP Photo/Frank Augstein)

WASHINGTON (AP) — The Trump administration has decided to exempt aviation safety and space exploration technology from new sanctions it has levied against Russia in connection with the poisoning of a former Russian spy and his daughter in Britain. The State Department said late Friday that products...

FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 2. (AP Photo/Richard Drew, File)

Investors rattled by President Donald Trump's latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses marked the fifth straight drop for the S&P 500 and the worst week of the year for the market just seven days after the benchmark...

WASHINGTON (AP) — The latest tariffs President Donald Trump plans to impose on Chinese goods would cost U.S. households an average of $200 a year, some economists estimate, and would start to bite consumers and retailers just as the holiday shopping season begins. That cost would come on top of the...

FILE - In this June 19, 2019, file photo cargo containers are stacked on a ship at the Port of Los Angeles in Los Angeles. On Friday, Aug. 2, the Commerce Department reports on the U.S. trade gap for June.(AP Photo/Marcio Jose Sanchez, File)

WASHINGTON (AP) — The U.S. trade deficit shrunk slightly in June, as did the politically sensitive trade deficit with China, the principal target of President Donald Trump's tariffs. The Commerce Department said Friday that the gap between the goods and services the U.S. buys and what it sells...

LONDON (AP) — Global stock markets remained under pressure Friday, particularly in Europe, after President Donald Trump's shocked investors with another tariff announcement on Chinese imports. Monthly U.S. jobs figures could provide a distraction for investors later. Trump's announcement of 10%...

FILE - In this July 20, 2018, file photo, a deliveryman for American-based pizza chain Domino's prepares to make a delivery near a mural displaying Chinese yuan and other world currency symbols on the outside of a bank in Beijing. China's yuan fell Friday, Aug. 2, 2019, to its lowest level of the year against the dollar following U.S. President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. (AP Photo/Mark Schiefelbein, File)

BEIJING (AP) — China's yuan fell Friday to its lowest level this year against the dollar following President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan tumbled to 6.9520 to the dollar, its...